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Parker-Hannifin price target raised to $575 from $500 at KeyBanc

Parker-Hannifin price target raised to $575 from $500 at KeyBanc

KeyBanc raised the firm’s price target on Parker-Hannifin to $575 from $500 and keeps an Overweight rating on the shares. The firm came away from Parker-Hannifin’s Q2 earnings release impressed by the apparent momentum in Aerospace and strong broad-based margin execution amid a choppier Industrial backdrop, the analyst tells investors in a research note.

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